Exide Life Insurance Customer Care

Exide Life Insurance Customer Care – Contact Exide Life Insurance: Find below customer care details of Exide Life Insurance, India including phone and email. Apart from contact details, the page also gives a brief overview of the company. For support, complaints or feedback please contact customer service below.

Exide Life Insurance is an Indian insurance provider founded in 2001 and operating from its headquarters in Bangalore, India. The company operates as a subsidiary of Exide Industries Ltd. It has more than 1.5 million customers and gross premium income in 2017-18 was Rs. 2,500 crore. Exide Life Insurance products are distributed through agencies, online, brokers and consultants across the country. Exide Life has a network of 200 offices and 45,000 advisers. The ISO 9001:2008 certified company has won several awards for its products and services.

Exide Life Insurance Customer Care

If you are new to Exide Life, you can get an overview of the many products on this website. You can request an instant quote on this website or find a consultant who can apply for insurance. Exide Life Insurance has branches across the country from major metros like Chennai, Delhi, Bangalore, Mumbai, Kolkata to small towns and rural areas. This website has tools to help you plan and calculate premiums. There are tools to help you figure out how much life insurance you need, the tax benefits you’ll enjoy, risk analysis and how to plan for your child’s future. Also, the information center section will answer questions related to life insurance plans, benefits and tax benefits.

List Of Life Insurance Companies In India 2023

Did you know, you can buy term insurance or a comprehensive protection solution online. The products you will find include life insurance plans, savings/investment plans, retirement/pension plans and group insurance. Products currently in the market include Exide Life Smart Term Plan, Exide Life Term Rider, Exide Life Sanjeevani, Exide Life Jeevan Uday, Exide Life Critical Illness Rider, Exide Life Meera Ashirwad, Exide Life Wealth Maxima, Exide Life My Money Back Plan. Exide Life Income Advantage Plan, Exide Life Star Saver, Exide Life Nirmal Jeevan Plan, Exide Life Wealth Elite, Exide Life Golden Years Retirement Plan to name a few.

On this website you can read detailed information about plan, benefits and key features. Visit the Downloads section to view or download service request forms, claim forms, proposal forms and product brochures. Insurance premium can be paid online through net banking and credit card, check and cash at central banks like Axis Bank and State Bank of India. Customers can register with the Electronic Clearing Service (ECS) for direct debit of premium from their bank account every month. This way, you will not miss any deadlines. To pay your premium, log into your account, select the policy number and proceed to payment. The user can pay premiums on the dashboard through net banking, credit card, debit card and digital wallet. 112 crore in FY-16, compared to the previous year For more information or queries regarding activation, branch locations, premium payment, cancellation, industry / job or other, please contact Exide Life Insurance Support. Compared to last year, the company’s new business grew by 36 percent to Rs. 863 hearts. Total pro revenue increased by 18 percent to Rs 2,409 crore during the year. The company’s asset value also increased by 16 percent to Rs 11,015 crore.

“We have gone from profitability to steady growth over the last five years …. These are very strong results, the company and its internal target and will continue to perform well in the future,” Exide Life Insurance D & AP; CEO Kshitij Jain told reporters. “Our diversified distribution network along with best-in-class security, savings and investment programs have helped deliver this growth. We are pleased to achieve this growth without any increase in operating costs,” he said.

Exide Life Insurance started operations in September 2001 and has over 15 lakh customers. The company said it has more than 50,000 life insurance advisors in more than 200 cities. Talking about the life insurance industry, Jain was optimistic about its growth due to reduction in inflation rate, expected growth in the economy, increase in penetration and rise in savings.

Hdfc Life To Acquire 100 Per Cent Stake In Exide Life Insurance For Rs 6,687 Cr

Pointing out that the private sector gets around 30 per cent market share in the life insurance industry with 23 private companies, he said Excite Life Insurance is a medium sized IT player, it gets 1 to 1.2 per cent market share and 2 to 2.5 percent of the entire industry. . The perception of the private sector. Over the past year, the private sector has outgrown the state-owned Life Insurance Corporation of India in the individual business arena, he said.

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Exide Life Branding

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For a marginal player who doesn’t invest much, sellers are laughing all the way to the bank. Photo: Videographer

There are no complaints about Exide Life Insurance. For a company with less than 1 percent of the market through new business premium, the decision to sell directly to HDFC Life is very profitable. The ticket value of this market is Rs. 6,687 crore and 2.5 times its embedded value. As the deal is structured, it gives HDFC Life a stake in the fast-growing company.

Before Exide Life Insurance is owned by Rajan Raheja, an entrepreneur with interests in cement and publishing, he has a brief background. In 2005, ING acquired a 50 percent stake in Vysya Life Insurance from GMR Industries. The deal was done for Rs 200 crore only and the company was valued at Rs 400 crore. The other shareholders in the insurance company are Dutch financial group ING, investment banker Hemendra Kothari and Enam Group’s Vallabh Bhansali. In early 2013, they all paid Exide Rs. 1,100 crore and sold their shares for Rs 550 crore. The new company is now called Exide Life Insurance, a subsidiary of battery manufacturer Exide.

How To Change Mobile Number In Exide Life Insurance?

Low market share due to lack of adequate investment by advertisers and understanding that insurance is not a niche business. According to Vineet Patni, partner, Wepartner Consult LLP and former CXO at Bajaj Alliance and Bharti AXA, insurance continues to be a capital-intensive business with a long gestation period. “It’s a big exit for Exide promoters and HDFC Life brings a solid book and presence in the southern market,” he says. “Exide could have reinvented itself and scaled up by focusing on the right product mix and moving digital. Of course, this requires a change of mindset,” Budny is quick to add.

The icing on the cake is its embedded value, the future profits the existing business can generate and a 4.1 percent stake in HDFC Life – at a market capitalization of Rs 1.48 crore, which is a cool Rs 6,100 crore. 700 silver hearts. Look at how HDFC’s life has increased, Exide’s holding does not improve significantly. Since HDFC Life gives it a significant geographical footprint, the deal has given Exide a lot of impetus. For a marginal player who doesn’t invest much, sellers are laughing all the way to the bank.

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